Econet Zimbabwe to Delist, Plans Infrastructure Unit Listing
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Econet Wireless Zimbabwe Ltd. will voluntarily delist from the Zimbabwe Stock Exchange, citing a persistent valuation discount to regional peers.“For the last several years, the company has traded at a significant discount to its peers across Africa which trade at 6 – 8x EV/EBITDA,” the telecommunications firm said in an emailed statement on Tuesday. “These peers have all already separated and realized value from their tower infrastructure.”